https://www.taxtmi.com/caselaws?id=284129 In block assessment proceedings under Chapter XIV-B, an addition cannot be sustained where the search yields no incriminating material relating to the alleged investment in the property. The text states that no document was found during search to show such investment, and the addition rested only on the assessee's return and the DVO's report. The legal point is that undisclosed income in block assessment must be founded on evidence found during search, and post-search inquiry cannot by itself create the required basis when the search material is absent. On that ground, the issue was decided in favour of the assessee and against the Revenue. en-us Fri, 25 Apr 2008 00:00:00 +0530 Sat, 02 Nov 2019 17:09:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284129 In block assessment proceedings under Chapter XIV-B, an addition cannot be sustained where the search yields no incriminating material relating to the alleged investment in the property. The text states that no document was found during search to show such investment, and the addition rested only on the assessee's return and the DVO's report. The legal point is that undisclosed income in block assessment must be founded on evidence found during search, and post-search inquiry cannot by itself create the required basis when the search material is absent. On that ground, the issue was decided in favour of the assessee and against the Revenue. Case-Laws Income Tax Fri, 25 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284129